NAICS Code 524114 — Direct Health and Medical Insurance Carriers
National Industry in the official 2022 North American Industry Classification System (U.S. Census Bureau). It is one of 2 national industries under 52411 (Direct Life, Health, and Medical Insurance Carriers).
| Code | 524114 |
|---|---|
| Title | Direct Health and Medical Insurance Carriers |
| Level | National Industry (6-digit) |
| Edition | NAICS 2022 edition |
| SBA size standard | $47 million in average annual receipts |
Official definition (2022 NAICS)
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies. Group hospitalization plans and HMO establishments that provide health and medical insurance policies without providing health care services are included in this industry.
Cross-References.
Is a business under 524114 "small"?
Under the SBA size standards (13 CFR 121.201, effective March 17, 2023), a business classified in NAICS 524114 qualifies as a small business if it does not exceed $47 million in average annual receipts. Small-business status determines eligibility for federal set-aside contracts, SAM.gov certifications and SBA loan programs — receipts are averaged over the latest 5 fiscal years.
Where 524114 sits in the hierarchy
| Level | Code | Title |
|---|---|---|
| Sector | 52 | Finance and Insurance |
| Subsector | 524 | Insurance Carriers and Related Activities |
| Industry Group | 5241 | Insurance Carriers |
| NAICS Industry | 52411 | Direct Life, Health, and Medical Insurance Carriers |
| National Industry | 524114 | Direct Health and Medical Insurance Carriers |
Related SIC codes
Via the official U.S. Census concordance (1987 SIC ↔ NAICS), shown only where the industry definition is unchanged in NAICS 2022.
| SIC code | Title |
|---|---|
6321 | Accident and Health Insurance |
6324 | Hospital and Medical Service Plans |
Related National Industry codes
524113— Direct Life Insurance Carriers
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Data: official 2022 NAICS structure, descriptions and Census concordances, U.S. Census Bureau — U.S. government works in the public domain (17 U.S.C. §105). Suggested reference, not an official determination.